10/22/2020
Are SA’s banks facing a bad-debt crunch?
In spite of the huge number of Covid-related job losses and resulting failure of thousands of South Africans to keep up with their credit payments, the big banks are looking remarkably steady.
Regulation,Tax & Compliance
10/22/2020
The OPEC Fund and West African Development Bank (BOAD) boost cooperation in Western Africa
The agreement focuses on increased engagement and knowledge-sharing between the two institutions and ensures enhanced cooperation in co-financing public and private sector projects
10/21/2020
African and US development financiers reaffirm their commitment to attracting greater private sector capital to Africa
They spoke during a panel event to discuss their organizations’ role in post-COVID-19 environment as part of a day-long public forum on investing in Africa’s future
10/21/2020
Leading digital bank in South Africa signs with Network International
TymeBank offers a modern alternative to traditional banking brands and aims to make banking more accessible and affordable to all South Africans
10/21/2020
NIDCON, Ecobank Seek Reduction in Remittance Cost
“We know that these remittances go into paying things like medical bills, for education and various needs for their families.
10/21/2020
S.Africa's economy on recovery, says reserve bank
South Africa's economy has been under pressure after its growth declined for three consecutive quarters.
10/21/2020
Policy rate to remain at 14.5% till Quarter 2 2021 – Fitch Solutions
This means cost of borrowing will stay largely same during the period.
10/20/2020
Tanzania: African Development Fund Approves $50.7m COVID-19 Crisis Response Budget Support
The pandemic has put increased pressure on Tanzania’s health facilities, social protection systems and has dampened the country’s projected growth of over 6.2%
10/16/2020
The Bank of Africa signs a new “Chinese” agreement
Operating in China since 2000 through its representative office, the Bank of Africa is one of the first African banks to obtain approval to open a branch in Shanghai.
10/16/2020
Uganda regulator hands relief to Kenyan lenders
“It is not mandatory for a foreign bank to establish a representative office in Uganda in order to conduct lending.”
10/16/2020
Uganda clarity on foreign bank loans good for EAC
Although the Bank of Uganda’s statement doesn’t override the ruling, its position enhances the local bank’s chances of success at the appeals court.
10/15/2020
Uganda regulator hands relief to Kenyan lenders
Though the Bank of Uganda’s position does not override the court’s ruling, it boosts chances of a successful appeal by Diamond Trust Bank (DTB), which was the subject of a commercial court ruling.
10/15/2020
Chinese bank signs debt suspension deals with 11 African countries
Beijing says it will also waive interest-free loans due to mature by the end of 2020 for 15 African countries
10/15/2020
SARB grants Bank Zero forex exchange licence
Bank Zero’s focus is on the use of its debit cards anywhere in the world, which is what the restricted authorised dealer licence allows.
10/15/2020
Call for SA to scrap high-risk list, allow business travel
Maynier said the new health protocols and measures could block investment.
10/14/2020
Salaries agency to set Kenya Airways, KAA chiefs’ perks
This means that the SRC will assume the role of setting salaries and all benefits of the three subsidiaries that will be formed upon nationalisation of KQ.
10/14/2020
Central bank says no license needed for foreign lending in Uganda
The central bank's position does not override the court's ruling but it potentially boosts chances of a successful appeal.
10/14/2020
UBA links innovation to customer satisfaction
Alozie said in line with the theme, the ‘Dream Team’, which embodies UBA’s core goals, the bank has recorded considerable milestones in its journey.
10/13/2020
Top S. African Bank Rejigs Bonuses for Managers Hit by Virus
South Africa Banks Gather Their Defenses to Ride Out Virus Storm
10/12/2020
AfCFTA take-off: Nigeria remains most sought-after bride
Pressure from local unions such as the Manufacturers Association of Nigeria (MAN) and businesses had delayed the continent’s largest country from signing the agreement since it was launched two years ago.